Heavily Traded Shares May 9th: BofA, Sirius XM, GE, Ford Motor

Bank of America Corp (NYSE:BAC): BofA’s Moynihan says we’ve done a million mortgage modifications.

Sirius XM Radio Inc (NASDAQ:SIRI): Liberty Media (LMCA) plans to file motion with the FCC to reconsider request for control of Sirius XM (NASDAQ:SIRI), the Wall Street Journal reports. Liberty Media CEO Greg Maffei said Liberty may pursue a spin-off of its stake in Sirius XM, the Journal adds.

General Electric Company (NYSE:GE): Tower Semiconductor’s (NASDAQ:TSEM) TowerJazz unit has signed a definitive credit line agreement with GE Capital (NYSE:GE) to provide TowerJazz’s Nishiwaki facility with a credit line of up to 4B Japanese Yen (approximately $50M). Loans to be obtained under this credit line will carry an interest of the higher of TIBOR rate or LIBOR rate plus 2.6% per annum and will be due for repayment in 2015. Availability under the credit line is calculated according to certain formulas set forth in the agreement and is capped at $30M until June 2013.

Ford Motor (NYSE:F): Ford Motor will produce nearly 40,000 additional vehicles this summer by idling 13 plants, including six assembly plants, for just one week instead of the traditional two.

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